Selected information for 5 companies is reproduced below:a) Calculate the net profit ratio for each of the companies below. Please make sureyour final answer(s) are in percentage form and are accurate to 2 decimal places. (Forexample: 12.34%)Zcom Inc.X-cell Inc.Velor Inc.Allarco Inc.Gulf Corp.$93,000$67,000$75,000$17,000$15,000Net Income.Net SalesNet profit Ratio164,000188,00096,00054,000123,000b) Which of the companies is the most profitable according to the net profit ratio?c) Which of the companies generates the least profit as a percentage of sales?

Net Profit Ratio: Creditors and investors use this ratio to measure how effectively a company can…

Selected information for 5 companies is reproduced below: a) Calculate the net profit ratio for each of the companies below. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. (For example: 12.34%) Zcom Inc. X-cell Inc. Velor Inc. Allarco Inc. Gulf Corp. $75,000 Net Income Net Sales Net profit Ratio $93,000 $67,000 $17,000 $15,000 164,000 188,000 96,000 54,000 123,000 b) Which of the companies is the most profitable according to the net profit ratio? c) Which of the companies generates the least profit as a percentage of sales?

Selected information for 5 companies is reproduced below: a) Calculate the net profit ratio for each of the companies below. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. (For example: 12.34%) Zcom Inc. X-cell Inc. Velor Inc. Allarco Inc. Gulf Corp. $75,000 Net Income Net Sales Net profit Ratio $93,000 $67,000 $17,000 $15,000 164,000 188,000 96,000 54,000 123,000 b) Which of the companies is the most profitable according to the net profit ratio? c) Which of the companies generates the least profit as a percentage of sales?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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